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Which formula would you use to solve for the payment needed for a car loan if you know the interest rate, length of the loan, and the borrowed amount? Describe.
To solve for k while the known values are PVA, n, and PMT, begin with the present value of an annuity formula, Equation 8-3b, like this:
Present Value of an Annuity Formula, Table Method
PVA = PMT(PVIFA k, n)
After that, rearrange terms and solve for (PVIFA k, n) like this
PVA / PMT = (PVIFA k, n).
Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7% (annual coupon payments) and a face value of $1000. Andrew believes it can get a rating of A from
Develop and implement strategic plan using bounce fitness as case study
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TR has recently been promoted to his first management position. In the past, he very much enjoyed working as part of a team, but is having some difficulty in adapting to his new ro
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